Lululemon Athletica Inc. (NASDAQ:LULU) Holdings Raised by Cambridge Trust Co.

Cambridge Trust Co. lifted its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 5.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 38,621 shares of the apparel retailer’s stock after purchasing an additional 1,979 shares during the quarter. Cambridge Trust Co.’s holdings in Lululemon Athletica were worth $19,747,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Valley National Advisers Inc. raised its stake in shares of Lululemon Athletica by 600.0% during the fourth quarter. Valley National Advisers Inc. now owns 49 shares of the apparel retailer’s stock valued at $25,000 after purchasing an additional 42 shares in the last quarter. Milestone Investment Advisors LLC bought a new stake in shares of Lululemon Athletica during the third quarter valued at about $27,000. Bogart Wealth LLC raised its stake in shares of Lululemon Athletica by 270.0% during the third quarter. Bogart Wealth LLC now owns 74 shares of the apparel retailer’s stock valued at $29,000 after purchasing an additional 54 shares in the last quarter. Morton Brown Family Wealth LLC bought a new stake in shares of Lululemon Athletica during the fourth quarter valued at about $31,000. Finally, Farmers & Merchants Investments Inc. bought a new stake in shares of Lululemon Athletica during the fourth quarter valued at about $40,000. 85.20% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Martha A. M. Morfitt purchased 700 shares of Lululemon Athletica stock in a transaction dated Tuesday, March 26th. The stock was acquired at an average cost of $389.29 per share, for a total transaction of $272,503.00. Following the acquisition, the director now directly owns 500 shares in the company, valued at $194,645. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.54% of the stock is owned by corporate insiders.

Lululemon Athletica Trading Up 0.7 %

NASDAQ:LULU traded up $2.48 on Thursday, hitting $347.34. 1,274,775 shares of the company’s stock traded hands, compared to its average volume of 1,759,915. Lululemon Athletica Inc. has a 1 year low of $326.93 and a 1 year high of $516.39. The firm has a 50-day moving average price of $424.95 and a 200-day moving average price of $439.26. The company has a market cap of $43.77 billion, a PE ratio of 28.24, a price-to-earnings-growth ratio of 1.20 and a beta of 1.30.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings results on Thursday, March 21st. The apparel retailer reported $5.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.00 by $0.29. The business had revenue of $3.21 billion during the quarter, compared to analyst estimates of $3.19 billion. Lululemon Athletica had a return on equity of 44.41% and a net margin of 16.11%. The firm’s revenue was up 15.6% on a year-over-year basis. During the same period in the previous year, the company earned $4.40 EPS. On average, research analysts forecast that Lululemon Athletica Inc. will post 14.15 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently weighed in on LULU. Citigroup cut their price objective on shares of Lululemon Athletica from $520.00 to $500.00 and set a “buy” rating on the stock in a research note on Friday, March 22nd. Jefferies Financial Group dropped their price target on shares of Lululemon Athletica from $300.00 to $240.00 and set an “underperform” rating on the stock in a research report on Thursday, April 4th. KeyCorp dropped their price target on shares of Lululemon Athletica from $570.00 to $515.00 and set an “overweight” rating on the stock in a research report on Friday, March 22nd. Truist Financial dropped their price target on shares of Lululemon Athletica from $561.00 to $498.00 and set a “buy” rating on the stock in a research report on Monday, March 25th. Finally, Evercore ISI dropped their price target on shares of Lululemon Athletica from $575.00 to $515.00 and set an “outperform” rating on the stock in a research report on Friday, March 22nd. Two research analysts have rated the stock with a sell rating, six have given a hold rating and twenty-two have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $485.39.

About Lululemon Athletica

Lululemon Athletica Inc, together with its subsidiaries, designs, distributes, and retails athletic apparel, footwear, and accessories under the lululemon brand for women and men. It offers pants, shorts, tops, and jackets for healthy lifestyle, such as yoga, running, training, and other activities. It also provides fitness-inspired accessories.